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State Street Corp. provides financial products and services to institutional investors. The company operates its business through two segments: Institutional and Commercial Real Estate. The Institutional segment is composed of the following classes: investment funds, commercial and financial, purchased receivables and lease financing. The Commercial Real Estate segment is composed of the loans acquired in 2008 pursuant to indemnified repurchase agreements with an affiliate of Lehman as a result of the Lehman Brothers bankruptcy. It operates in two lines of businesses: Investment Servicing and Investment Management. The Investment Servicing business provides services for mutual funds and collective investment funds, corporate and public retirement plans, insurance companies, foundations, endowments and other investment pools. Its products include custody, product-and participant-level accounting, daily pricing and administration; master trust and master custody; record keeping; foreign exchange, brokerage and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and hedge fund manager operations outsourcing and performance, risk and compliance analytics to support institutional investors. The Investment Management business provides services for managing financial assets, including investment management and investment research services, for institutional investors. These services include passive and active U.S. and Non U.S. equity and fixed income strategies as well as other related services such as securities finance. The company was founded in 1969 and is headquartered in Boston, MA. [...] more

Anyone who has ever driven down an road in India has seen the sign: Honk OK Please painted in colorful lettering on the back of an old truck. One of the reasons truck drivers like horns so much is because they tend to avoid relying on their side mirrors to see cars passing. A car horn serves as a better warning. Here’s a look at some of the side read »

Share prices of Indian banks opened higher on Monday thanks to this weekend’s fiscal budget that proved to be quite a boon for banks.

India’s three largest banks were all up over 1.7% in the morning in New York, clobbering the Wisdom Tree India (EPI) exchange traded fund. Prime Minister Narendra Modi and his Finance Minister Arun Jaitley read »

The Hotel Ukraine was built as a homage to Communist ingenuity. Once the tallest building in Europe and the tallest hotel in the world, Stalin’s Ukraine is now owned by a billionaire named God and houses Moscow’s only Rolls Royce showroom. The property remains a symbol of both old and new Russia. read »

Sunday’s planned anti-war rally in Moscow turned into a memorial for slain opposition leader Boris Nemtsov, murdered on a stroll home from Red Square’s GUM mall on Friday night. Some 7,000 people turned out, according to official numbers. Social media put it at two times that. And while the protest went off without a hitch — no read »

The election of Narendra Modi has given the global business community hope that India will be more welcoming to foreign corporations. The market remains relatively closed to outsiders, but the newly elected Modi government says it will gradually allow for more foreign ownership of Indian assets. Here’s a look at the top 15 countries investing in read »

Abbott (ABT) declared a quarterly common dividend of 24 cents per share. This marks the 365th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable May 15, 2015, to shareholders of record at the close of business on April 15, 2015.

State Street (STT) declared a quarterly cash dividend of $0.30 per read »

When State Street released its results for the fourth quarter of the year on Friday, January 23, investors took little note of the fact that the custody banking giant had comfortably beat their revenue as well as earnings expectations for the period. Instead, the focus was on the weak outlook for 2015 that State Street’s management read »

The top traded names among retail investors in 2014 were largely the usual suspects with , State Street’s S&P 500 tracking ETF (SPY), Facebook, and making up the top five. (This top five is nearly identical to 2013′s with Twitter the only newcomer.) Yet a look at short term trends from the year shows that main read »

After surviving the global financial crisis that nearly crippled the banking system, the biggest banks have bounced back with strong profits and improved asset quality in recent quarters. U.S. banks and thrifts generated $40.2 billion in net income during the second quarter, a tick behind the record set in the first quarter of 2013. Loan sales read »

Earlier this week, State Street announced plans to slash the expense ratios for two of its popular European exchange-traded funds (ETFs) by roughly 20%. This move follows a much larger round of price cuts announced by State Street in late September, when the global custody banking and asset management giant lowered the expense ratios of 15 read »